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Claims Rising Rents Are Damaging Clare’s Local Economy

It’s claimed the county’s lack of housing stock has become a deterrent for investors hoping to set up or expand businesses here.

The latest figures from the Residential Tenancies Board show the cost of renting a home in this county has shot up by 10% to an average monthly price of just under €680 – it represents a rise of €150 in just two years.

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Cormac O’Sullivan of DNG O’Sullivan Hurley in Ennis says that almost 30% of the entire sales market this year has been made up of landolords exiting the market, which has further compounded the issue.

He’s been telling Clare FM’s Fiona Cahill that rents will continue to rise in 2018 unless the Government takes urgent action:

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